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§ 6.5-303. Considerations by Administration

MD State Govt Code § 6.5-303 (2019) (N/A)
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In determining whether to approve an acquisition of a nonprofit health service plan or a nonprofit health maintenance organization, the Administration shall consider:

(1)    the criteria listed in § 6.5–301 of this subtitle; and

(2)    whether the acquisition:

(i)    is equitable to enrollees, insureds, shareholders, and certificate holders, if any, of the transferor;

(ii)    is in compliance with Title 2, Subtitle 6 of the Corporations and Associations Article; and

(iii)    ensures that the transferee will possess surplus in an amount sufficient to:

1.    comply with the surplus required under law; and

2.    provide for the security of the transferee’s certificate holders and policyholders.

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